HALISTER1: Treasury Futures Technical Levels in Focus

Treasury Futures Technical Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus for Wednesday.
  • Daily Trend Bias: Neutral-to-bearish
  • Comment: Third day lower amid improving risk-tone; upside risks subside following Tuesday session close below 21-DMA (126-04+); slippage through 125-29 (Aug. 8 low) required to provide stronger bear confirmation
    • Resistance: 126-10+; 126-14; 126-18
    • Support: 125-29; 125-21+; 125-17+
  • NOTE: Roll-adjusted by difference in GFUT
  • NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Keith Jenkins

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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